Zynex Inc reports results for the quarter ended in March - Earnings Summary

Zynex

30/04/2024 22:56

* Zynex Inc  ZYXI.OQ  reported quarterly breakeven results​​
per
share for the quarter ended in March, lower than the same
quarter last year, when the company reported EPS of 4 cents. 
The mean expectation of three analysts for the quarter was
for earnings of 3 cents per share. Wall Street expected
results to range from 3 cents to 4 cents per share.
    * Revenue rose 10.3% to $46.53 million from a year ago;
analysts
expected $47.69 million. 
    * Zynex Inc's reported EPS for the quarter was breakeven
results​.
    * The company reported quarterly net income of $10 thousand.
    * Zynex Inc shares had fallen by 7.4% this quarter and
gained 5.1%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 16.7%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is
"strong buy"
and the breakdown of recommendations is 4 "strong buy" or
"buy," no "hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the advanced
medical
equipment & technology peer group is  "buy."

Wall Street's median 12-month price target for Zynex Inc is
$18.75 
This summary was machine generated from LSEG data April 30 at
09:56 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2024      0.03           0.00           Missed
 Dec. 31 2023      0.17           0.21           Beat
 Sep. 30 2023      0.09           0.10           Beat
 Jun. 30 2023      0.05           0.09           Beat